I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
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http://www.foxnews.com/story//0,2933,507305,00.html
Don't worry this is part of the big plan. We'll lose the ability to do anything nuclear and the world will be at peace. We'll be the first to disarm wether we like it or not and our friends around the world will voluntarily disarm simply because we lead the way. What do you think of that plan? Don't worry though, Obama will talk to them and they'll lay down their arms as he request. Realistically I hope I'm at ground zero when this all goes down.
March 9, 2009 7:56 PM
Not at all suprised that Mike had a hand in this too. Hope those involved get to visit stand in the unemployment line alongside those they layed off.
Are you telling me that the folks that designed Fogbank:
1. Didn't document the methodology?
2. Did document it but lost the documentation?
And we're going to blame LANS for either of those scenarios?
Or is it the case that the documentation was done and can only be read by the folks you say were forced out?
I am not saying that people were not force out but if the statements I read in the press are correct that documentation was lost or destroyed or never existed, I don't think you can blame THAT on a RIF.
Often the documentation sucked, was wrong due to being out of date, or never existed in the first place.
Notebooks get destroyed when people leave, often without realising that something vital is in one. It happens a lot more often when people depart suddenly.
Then there are things that one never thought about documenting, since they were "obvious" to you. Only they aren't so obvious to others.
Managers should be ensuring that projects are properly documented, but all too often they care more about deadlines than proper procedure. So these things happen and will most likely happen more often as things get worse for the labs.
Why does it cost so much to save a stupid engineering drawing ?
(Duhhh, microfilm, , Q/A, storage in vault, fire suppression system,
long term archival, security, etc). Why can’t we just plot the drawing on our
plotter and save it in one of James file cabinet … Man, I know
how to "cut cost" !!!!!
Few years later …
ULM: Where’s James file cabinet that contain the old drawings??
Staff: Oh, we got rid of all his ‘worthless’ stuff back when he was ISPed in 08.